Board of Directors of the Westpark Community Facilities District to take action on Resolution No. -26 approving the tentative budget of the District for fiscal year 2027, beginning July 1, 2026, and e

4.O
CITY OF BUCKEYE
Joint Meeting of the Community Facilities Districts
BOARD ACTION REPORT
MEETING DATE: 05/19/26
AGENDA ITEM: 4.O. FIN - Fiscal Year
2027 Community Facilities District
Tentative Budget - Westpark CFD
DATE PREPARED: 05/14/26
DISTRICT NO.: Westpark
STAFF LIAISON: Larry Price, Special Districts Manager, lprice@buckeyeaz.gov,
(623) 349-6164
DEPARTMENT: Financial Services
AGENDA ITEM TYPE: CFD Item
ACTION/MOTION: (This language identifies the formal motion to be made by the Council) 
Board of Directors of the Westpark Community Facilities District to take action on Resolution No. 01-26
approving the tentative budget of the District for fiscal year 2027, beginning July 1, 2026, and ending
June 30, 2027, and setting hearing dates for the final budget and tax levy.
RELEVANT GOALS: 
GOAL 1: Fiscal Wellness and Financial Flexibility and Accountability
SUMMARY
PROJECT DESCRIPTION:
The Board of Directors of the District is required to approve a tentative budget for the District. Following
the required public notice, the Board will meet and conduct a public hearing on June 2, 2026.  At this
time, property owners within the District may comment in favor of or against the expenditures or tax levy,
followed by action by the Board to adopt an Annual Budget for the District for FY 2027. On June 16,
2026, the Board will meet to approve a tax levy and rate for the same fiscal year.
BENEFITS:
Under Arizona law, each community facilities district must adopt an Annual Budget and establish a tax
levy and rate for the property within the District to meet the operating needs, including debt service for
the District.
FUTURE ACTION:
Conduct a public hearing on June 2, 2026, followed by action by the Board to adopt an Annual Budget
for the District for FY 2027, and on June 16, 2026, to approve a tax levy and rate for the same fiscal
year.
FINANCIAL IMPACT STATEMENT:
The City is compensated for its services of administering the community facilities districts through an
administrative fee of thirty cents ($0.30) per $100 of taxable assessed valuation.
BUDGETED:
Yes
FISCAL YEAR:
FY2027
FUND/DEPARTMENT:
8005

Items related to a project or facility location must include an attached vicinity map for Council
Review.
ATTACHMENTS:
RES_01-26_Westpark_FY_2027_Tentative_Budget With Exhibits.pdf